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China Acquires 20 Percent Stake in Novatek’s Latest Arctic LNG Project
China continues to invest in Arctic natural resources as two Chinese national oil companies secure a 20 percent stake in Russia’s massive Arctic LNG 2 project.
read more... 29/04/2019
Daily (15.04.2019): Brent crude climbed by 1% on upbeat Chinese economic data and tight global supply
Oil prices added gains on Friday following a recovery in Chinese exports last month. The rising U.S. and euro zone bond yields to three-week highs and German growth forecasts also supported prices. Furthermore, involuntary cuts in Venezuela supply and Iran signaled another lift in prices. Brent crude hiked by 1% to $71.55 a barrel , while WTI futures rose by 0.5% to $63.89 a barrel.
read more... 15/04/2019
EDF partners with Chinese utility to develop 500MW offshore wind projects
French energy company EDF Group has signed an agreement with a Chinese utility to jointly develop 500MW offshore wind projects in China.
read more... 26/03/2019
Audax Renovables, Trina ink PPAs for 300 MW of Spanish solar
Spain’s Audax Renovables on Tuesday unveiled a contract to buy the output of up to 300 MWp of solar parks that Chinese giant Trina Solar Ltd will build in Spain.
read more... 21/03/2019
Daily (11.03.2019): German spot power price plummeted by nearly 70% due to strong renewables output
Crude oil prices fell on Friday, weighed by downbeat U.S. job growth data. The bearish equity markets, influenced by ECB’s announcement about the continued weakness of the European economy coupled with lower Chinese exports and imports data, put more pressure on prices. Brent crude ended 0.8% down at $65.74 a barrel, while WTI futures dropped by 1% to $56.07 a barrel.
read more... 11/03/2019